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Money Moves: What You Need to Buy in Colorado Springs
How Much Money Do I Need To Buy A House In Colorado Springs?
Ready to dive into Colorado Springs real estate but unsure about the financial commitment? You're not alone. The burning question on everyone's mind is exactly how much cash you'll need to make your Colorado Springs dream home a reality.
Lori Thompson, with over four decades of Colorado Springs real estate expertise, pulls back the curtain on the true costs of homebuying in this candid, no-nonsense episode. She demystifies everything from down payments to closing costs, offering crystal-clear guidance for military families using VA loans and civilian buyers alike. While VA loans offer zero down payment options, Lori explains the often-overlooked expenses like earnest money, inspection fees, and appraisal costs that catch many buyers by surprise.
For conventional buyers, Lori outlines how down payments ranging from 3-20% impact your monthly budget and long-term financial health. She reveals that today's shifting market now allows buyers to negotiate closing costs—something unheard of during the recent seller's market frenzy. Perhaps most interestingly, she shares an insider strategy about assumable loans that could potentially save you thousands in interest over the life of your mortgage, illustrated through her own granddaughter's recent home purchase at a remarkable 2.6% interest rate.
With median home prices hovering around $420,000 and single-family homes under $300,000 becoming increasingly rare, understanding your budget parameters has never been more crucial. Beyond purchase price, Lori highlights the significant variations in property taxes, metropolitan district fees, and utilities that impact your monthly housing expenses. Her practical, straightforward advice eliminates the guesswork and empowers you to enter the market with confidence. Whether you're a first-time buyer, military family facing PCS orders, or looking to upgrade to your forever home, this episode delivers the financial clarity you need for your Colorado Springs home buying journey. Ready to take the next step? Lori's ready to answer your call.
To learn more about RE/MAX Properties Inc. visit:
https://www.LoriThompson.REMAX.com
RE/MAX Properties Inc.
Colorado Springs
719-332-1807
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By Lori ThompsonHow Much Money Do I Need To Buy A House In Colorado Springs?
Ready to dive into Colorado Springs real estate but unsure about the financial commitment? You're not alone. The burning question on everyone's mind is exactly how much cash you'll need to make your Colorado Springs dream home a reality.
Lori Thompson, with over four decades of Colorado Springs real estate expertise, pulls back the curtain on the true costs of homebuying in this candid, no-nonsense episode. She demystifies everything from down payments to closing costs, offering crystal-clear guidance for military families using VA loans and civilian buyers alike. While VA loans offer zero down payment options, Lori explains the often-overlooked expenses like earnest money, inspection fees, and appraisal costs that catch many buyers by surprise.
For conventional buyers, Lori outlines how down payments ranging from 3-20% impact your monthly budget and long-term financial health. She reveals that today's shifting market now allows buyers to negotiate closing costs—something unheard of during the recent seller's market frenzy. Perhaps most interestingly, she shares an insider strategy about assumable loans that could potentially save you thousands in interest over the life of your mortgage, illustrated through her own granddaughter's recent home purchase at a remarkable 2.6% interest rate.
With median home prices hovering around $420,000 and single-family homes under $300,000 becoming increasingly rare, understanding your budget parameters has never been more crucial. Beyond purchase price, Lori highlights the significant variations in property taxes, metropolitan district fees, and utilities that impact your monthly housing expenses. Her practical, straightforward advice eliminates the guesswork and empowers you to enter the market with confidence. Whether you're a first-time buyer, military family facing PCS orders, or looking to upgrade to your forever home, this episode delivers the financial clarity you need for your Colorado Springs home buying journey. Ready to take the next step? Lori's ready to answer your call.
To learn more about RE/MAX Properties Inc. visit:
https://www.LoriThompson.REMAX.com
RE/MAX Properties Inc.
Colorado Springs
719-332-1807